U.K. Economy Seen Back at Pre-Recession Peak on Factory Recovery
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Britain’s strengthening recovery has probably pushed the economy back above its pre-crisis level, ending the longest period of below-peak output in a century.
The National Institute of Economic and Social Research estimates gross domestic product rose 0.9 percent in the three months through May. That puts it about 0.2 percent above where it was in January 2008, Niesr said in a monthly report today.